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Secular stagnation : is immigration part of the solution?

Alves, José; Morgado, Sandro - 2022

In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the … definition of secular stagnation founded on four pillars: diminished long run growth potential, increasing aggregate demand … secular stagnation. For that, we consider one of the most evoked factors causing secular stagnation, demographics in the form …

Persistent link: https://www.econbiz.de/10012815750

Systemic crisis and growth revisited : has the global financial crisis marked a new era?

Steinkamp, Sven; Westermann, Frank - 2018

Occasional crises have been shown to be part of growth enhancing mechanism (see Rancière, Tornell and Westermann, 2008). In this paper, we document that neither the stereotypical case study of India vs. Thailand, nor the benchmark growth-regression in this earlier research support this result...

Persistent link: https://www.econbiz.de/10011863602

The positive link between financial liberalization, growth, and crises

Tornell, Aaron; Westermann, Frank; Martínez Trigueros, … - 2004

There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...

Persistent link: https://www.econbiz.de/10011402501

Roots of autocracy

Galor, Oded; Klemp, Marc P. B. - 2017

Exploiting a novel geo-referenced data set of population diversity across ethnic groups, this research advances the hypothesis and empirically establishes that variation in population diversity across human societies, as determined in the course of the exodus of human from Africa tens of...

Persistent link: https://www.econbiz.de/10011645955

Financial development, financial fragility, and growth

Loayza, Norman; Rancière, Romain - 2002

This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...

Persistent link: https://www.econbiz.de/10011409380

Devotion and development : religiosity, education, and economic progress in 19th-century France

Squicciarini, Mara P. - 2019 - This version: 14th July 2019

This paper uses a historical setting to study when religion can be a barrier to the diffusion of knowledge and economic development, and through which mechanism. I focus on 19th-century Catholicism and analyze a crucial phase of modern economic growth, the Second Industrial Revolution...

Persistent link: https://www.econbiz.de/10012039060

Landlockedness and economic development : analyzing subnational panel data and exploring mechanisms

Jetter, Michael; Mösle, Saskia; Stadelmann, David - 2017

This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...

Persistent link: https://www.econbiz.de/10011750132

Subjective well-being, income, economic development and growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10008697413

Geography, institutions, and the making of comparative development

Auer, Raphael A. - 2012

While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...

Persistent link: https://www.econbiz.de/10009571204

Subjective well-being and income : is there any evidence of satiation?

Stevenson, Betsey; Wolfers, Justin - 2013 - This draft: April 16, 2013

Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...

Persistent link: https://www.econbiz.de/10009736745

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